MAGIC/USDT Analysis $MAGIC
📈 Bullish Trend Alert!
The current price is experiencing a correction phase, but the overall trend remains bullish with higher highs and higher lows on higher time frames.
After breaking out of the 200EMA, the price displayed strong bullish momentum and is now retracing toward its previous support zone.
We anticipate the price to retest the demand zone and continue its upward journey, with the recent swing high as a potential target.
For risk management, consider placing a stop loss below the demand zone.
💡 Trading Strategy:
Buy: $0.92-$0.82
Target: $1.30/$1.50/$2
Stop Loss: $0.75
